Articles

Sequestration

Advantages and Disadvantages of the Minimal Asset Process in Sequestration

If you are struggling to repay debt because you’re on a low income and have few assets to sell, the Minimal Asset Process (MAP) may provide a way out of this worrying situation.

Personal Debts

Important advice on going bankrupt or declaring yourself bankrupt in Scotland

If you live in Scotland and are considering personal bankruptcy (sequestration), there are certain issues that you need to be aware of. These include an understanding of what will happen to your asset...

Bailiffs and Legal Action

I’ve received a Simple Procedure Notice of Claim – what now?

If you owe a debt of £5,000 or less, your creditor may send you a Simple Procedure Notice of Claim. This procedure that was brought in by the Scottish government with the intention being to make it e...

Personal Debts

How can I tell my partner I’m in debt?

Being in debt can be a huge burden that affects every part of your life, but one of the most difficult aspects is when you’re in a relationship, as it can be very difficult to tell your partner abou...

Bailiffs and Legal Action

Debts in Scotland – What is a Decree?

A decree is a ‘money judgment’ issued by the sheriff courts in Scotland, and is the same as a County Court Judgment (CCJ) in England and Wales.

Bailiffs and Legal Action

What's a ‘continuous payment authority’ and how to cancel it

Continuous payment authorities, or CPAs, are often used by payday loan providers as a way to take repayments via a debit card, or sometimes a credit card.

Trust Deed

Credit cards and Trust Deeds – what you need to know

Trust Deeds can be invaluable in helping Scots get out of debt, and avoid bankruptcy. Can a Trust Deed help solve huge credit card debts? Find out more.

Personal Debts

Consequences of not paying your water bill in Scotland

The Scottish system of paying for water rates means that you receive notice of the amounts due within your council tax bill, if you don’t have a water meter fitted.

Trust Deed

How to clear your council tax arrears with a trust deed

If you’re worried that the council might take action against you for non-payment of council tax, entering into a Scottish trust deed can be a beneficial step.

Sequestration

How could sequestration affect my job?

In many cases sequestration doesn’t affect a person’s job, and you may be able to carry on working with no adverse effects on your current or future employment situation.

Personal Debts

Why Scottish individuals should be cautious of unregulated debt advice

As part of Scotland’s Financial Health Service, Scottish people in debt are obliged to obtain advice from an approved money advisor prior to entering insolvency processes such as the Debt Arrangemen...

DAS

What impact will a DAS have on my credit rating?

The Debt Arrangement Scheme, or DAS, is a government-backed debt solution available to residents of Scotland who are struggling to repay their unsecured debts.